EASYUNI Ultimate University Guide 2013 Issue 6 | Page 20

CO U R S E S & C A REERS

Knowledge
Management?
What’s That?

KM is essential to the success
of a company for many
reasons, including:
• Providing the groundwork
for a smooth transition from
prospective retirees to new
employees;
• Minimising loss of corporate
memory due to attrition and
retirement;
• Identifying critical resources
and areas of knowledge;
• Constructing methods to be
used with individuals, groups,
and the organisation itself.

Most executives will say
that their greatest asset
is the knowledge held by
their employees, with their
first-hand experience and
organisation skills – but they
don’t know how to manage
this knowledge at times!

Knowledge management
(KM) is the systematic
management of an
organisation’s knowledge
properties in order to establish
a company’s values and meet
company standards. This
includes creative processes,
strategies, and classifications
to better develop the creation
of knowledge. KM, therefore,
is strongly associated with
organisational objectives and
tactics, and proves to be quite
useful and significant.

The concept of KM that
comes to mind includes but
is not limited to: business
administration, information
systems, management, and
library information sciences.
This entails developing
a culture that harnesses
employees’ knowledge
and experiences, making
knowledge accessible by
building knowledge and
gathering and distributing
information to internal and
external stakeholders.

KM is about supervising
the knowledge within
an establishment. On a
deeper level, however, it’s
a method of allocating,
apprehending, and efficiently
using knowledge to better
an industry. It’s a practice of
self-control that stimulates
an assimilated approach to
classifying, seizing, assessing,
collecting, and sharing
a business’s resources: a
highly organisational and
methodical process.

Nature of the Work
There are many ways to encourage the sharing
of knowledge throughout an organisation’s
business, such as distributing information among
peers, integrating the distributed knowledge and
information systems, and remodelling the migration
among information systems in the organisation to
promote assimilation across the structure:
• Improve environments to help ideas flourish and
increase productivity.
• Arrange assistance (e.g., workshops) or individual
guidan